IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/22833.html
   My bibliography  Save this paper

War and Economics: Spanish Civil War Finances Revisited

Author

Listed:
  • Martin-Acena, Pablo
  • Martinez Ruiz, Elena
  • Pons Brias, Maria A.

Abstract

This paper reviews how the Spanish civil war was financed. We present new evidence to show that the two combatant parties, the Republican government and the Franco administration followed similar financial strategies. In both cases money creation, rather than new taxes or the issue of debt, was the main mechanism used to cover the expenses of the war. We argue, contrary to the established knowledge, that both sides consumed a similar amount of domestic and foreign resources. We also argue that the Spanish Republic did not lose the war because of a lack of means. International factors, such as the Non-Intervention agreement promoted by France and Great Britain, and the military setbacks of the Republican army during the first year of the war, were decisive for Franco’s victory in 1939.

Suggested Citation

  • Martin-Acena, Pablo & Martinez Ruiz, Elena & Pons Brias, Maria A., 2010. "War and Economics: Spanish Civil War Finances Revisited," MPRA Paper 22833, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22833
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/22833/1/MPRA_paper_22833.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Broadberry,Stephen & Harrison,Mark (ed.), 2005. "The Economics of World War I," Cambridge Books, Cambridge University Press, number 9780521852128, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dimitris Mavridis & Pálma Mosberger, 2017. "Income Inequality and Incentives. The Quasi-Natural Experiment of Hungary 1914-2008," Working Papers halshs-02797438, HAL.
    2. Bartels, Charlotte, 2019. "Top Incomes in Germany, 1871–2014," The Journal of Economic History, Cambridge University Press, vol. 79(3), pages 669-707, September.
    3. Jose A Lopez & Kris James Mitchener, 2021. "Uncertainty and Hyperinflation: European Inflation Dynamics after World War I [Modeling and forecasting realized volatility]," The Economic Journal, Royal Economic Society, vol. 131(633), pages 450-475.
    4. John R. Lampe, 2014. "Stabilizing Southeastern Europe, Financial Legacies And European Lessons From The First World War," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 59(203), pages 7-28, October –.
    5. Christopher L. Colvin, 2014. "Interlocking directorates and conflicts of interest: the Rotterdamsche Bankvereeniging, M�ller & Co. and the Dutch financial crisis of the 1920s," Business History, Taylor & Francis Journals, vol. 56(2), pages 314-334, March.
    6. Colvin, Christopher L., 2017. "Banking on a Religious Divide: Accounting for the Success of the Netherlands' Raiffeisen Cooperatives in the Crisis of the 1920s," The Journal of Economic History, Cambridge University Press, vol. 77(3), pages 866-919, September.
    7. Emanuele Felice & Giovanni Vecchi, 2013. "Italy’s Growth and Decline, 1861-2011," CEIS Research Paper 293, Tor Vergata University, CEIS, revised 11 Oct 2013.
    8. Max‐Stephan Schulze & Nikolaus Wolf, 2012. "Economic nationalism and economic integration: the Austro‐Hungarian Empire in the late nineteenth century," Economic History Review, Economic History Society, vol. 65(2), pages 652-673, May.
    9. Mark Harrison, 2016. "Myths of the Great War," Studies in Economic History, in: Jari Eloranta & Eric Golson & Andrei Markevich & Nikolaus Wolf (ed.), Economic History of Warfare and State Formation, pages 135-158, Springer.
    10. Rota, Mauro, 2011. "Military Burden and the Democracy Puzzle," MPRA Paper 35254, University Library of Munich, Germany.
    11. Oriol Sabaté, 2016. "Does military pressure boost fiscal capacity? Evidence from late-modern military revolutions in Europe and North America," European Review of Economic History, European Historical Economics Society, vol. 20(3), pages 275-298.
    12. Nina Boberg-Fazlic & Markus Lampe & Maja Uhre Pedersen & Paul Sharp, 2021. "Pandemics and protectionism: evidence from the “Spanish” flu," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-9, December.
    13. Ecchia, Stefania, 2010. "The economic policy of the Ottoman Empire (1876-1922)," MPRA Paper 42603, University Library of Munich, Germany.
    14. Slantchev, Branislav L., 2012. "Borrowed Power: Debt Finance and the Resort to Arms," American Political Science Review, Cambridge University Press, vol. 106(4), pages 787-809, November.
    15. Harrison, Mark & Markevich, Andrei, 2012. "Russia’s Home Front, 1914-1922: The Economy," CAGE Online Working Paper Series 74, Competitive Advantage in the Global Economy (CAGE).
    16. George Chouliarakis & Sophia Lazaretou, 2014. "Deja vu? The Greek crisis experience, the 2010s versus the 1930s. Lessons from history," Working Papers 176, Bank of Greece.
    17. Samuel MAVEYRAUD & François CHOUNET, 2015. "Correlation of exchange rates and gold standard regime during World War 1 (In French)," Cahiers du GREThA (2007-2019) 2015-33, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    18. Harrison, Mark, 2011. "Capitalism at War," CAGE Online Working Paper Series 60, Competitive Advantage in the Global Economy (CAGE).
    19. Nikolaus Wolf, 2010. "Europe's Great Depression: coordination failure after the First World War," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(3), pages 339-369, Autumn.
    20. Radoslav Ivancik, 2022. "Strengthening European Security And Defence: A Truly Demanding Task For The European Union," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 20(3), pages 183-205.

    More about this item

    Keywords

    Spain; civil war; financial resources;
    All these keywords.

    JEL classification:

    • N00 - Economic History - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:22833. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.